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FOX News
Dec 5, 2012 3:00pm PST
going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business owners denying they're trying to punt. >> i'll be here and available at any moment to sit down with the president to get serious abouting the problem. >> they noted the president has not scheduled any meetings with the g.o.p. leaders in weeks. not offered any counterproposal to boehner's plan from last week. >> a balanced approach the president has been asking for. now we need response from the white house. >> reporter: they continue to insist the impediment to the deal is boehner's tax revenue is not enough. the holdup is boehner took a position the day after the campaig
FOX News
Dec 7, 2012 3:00pm PST
him the economy will take off if there is a fiscal cliff deal. >> they have over $1 trillion out there to invest. if they think that the economy is going to move. >> he suggested some wiggle room to get that done. >> the top brackets have to go up. this is not a negotiable issue. theoretical we could negotiate how far up. >> democrats noted today despite boehner's tough talk when he was pressed on whether the tax rates on the rich could be negotiated he initially ignored it and then suggested some flexibility. >> there are a lot of things that are possible. to put the revenue that the president seeks on the table. >> now white house officials are clear in saying they still want the tax rate to go up to 39.6% like in the clinton days. but it's clear tonight they will give on that a little to get a deal. john? >> john: we'll see how far they will go. ed henry for us at the white house. thanks. the borrow a phrase "grease is the word" that both sides in the te bait are using for the worst case scenario of what will happen in the fiscal cliff. which sides understands best how to keep the united states getting in the same greek traged
FOX News
Nov 30, 2012 3:00pm PST
so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest in their firm. >> for some small businesses it could be a hardship. for other small businesses. they are going to go doing what they ar
FOX News
Dec 4, 2012 3:00pm PST
rates, president obama let the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country would find themselves on the verge of collapse. >> they had a different view when he proposed to l
Search Results 0 to 3 of about 4